Carbon fiber market outlook

July 28th, 2021

According to a report by, the global carbon fiber market is projected to grow from $3.7 billion in 2020 to $8.9 billion by 2031, at a CAGR of 8.6% between 2020 and 2031. Carbon fibers are popular in aerospace, civil engineering, military and motorsports due to their high tensile strength, low weight and high […]

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Carbon fiber textile market outlook

November 30th, 2020

According to a report by Lucintel, the carbon fiber textile market is expected to decline in 2020 due to global economic recession led by COVID-19. However, the market is expected to recover in 2021 and it is predicted to reach an estimated $1.5 billion by 2025 with a CAGR of 0.5% to 2.5% from 2020 […]

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